DuPont and Heraeus Announce Settlement of Pending Patent Litigation

WILMINGTON, Del. and WEST CONSHOHOCKEN, Pa., Oct. 29, 2013 /PRNewswire/ -- DuPont and Heraeus Precious Metals North America Conshohocken LLC ("Heraeus") announced today that they have settled all pending lawsuits between them regarding the photovoltaic paste business, including Civil Action No. 1:11-cv-00773-SLR-CJB at the United States District Court for the District of Delaware, regarding infringement of U.S. Patent No. 7,767,254, and Civil Action No. 3:12-cv-01104-HU at the United States District Court for the District of Oregon, regarding infringement of U.S. Patent No. 8,158,504.  Neither DuPont nor Heraeus has made any admission of liability with respect to such lawsuits, and Heraeus is licensed under the patents at issue in such suits.  Other terms of the settlement between the parties are confidential.

Heraeus Precious Metals North America Conshohocken LLC is an affiliate of the worldwide Heraeus Group, the precious metals and technology group headquartered in Hanau, Germany.   Heraeus is a global, private company with more than 160 years of tradition. Our fields of competence include precious metals, materials and technologies, photovoltaics, sensors, biomaterials and medical products, quartz glass, and specialty light sources. In the financial year 2012 Heraeus generated product revenues of €4.2 billion and precious metal trading revenues of €16 billion. With more than 12,200 employees in over 100 subsidiaries worldwide, Heraeus holds a leading position in its global markets.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802.  The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment.  For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.

SOURCE Heraeus